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Türkiye has secured €400 million ($468.4 million) in World Bank-backed financing to accelerate wind, solar and battery storage investments. The funding is expected to help deliver 1,579 MW of renewable energy capacity, support 392 MWh of battery storage and mobilize as much as $405 million in private capital.
The deal follows another boost for Türkiye’s green transition after the European Investment Bank (EIB) recently extended a €200 million loan for renewable energy and energy-efficiency projects, while the Japan Bank for International Cooperation (JBIC) provided $350 million in financing for clean energy investments.
The funding comes as businesses across Türkiye ramp up investments in clean energy to cut electricity costs, strengthen energy security and prepare for stricter carbon regulations in export markets, including the European Union's Carbon Border Adjustment Mechanism (CBAM), which took effect in 2026.
The €400 million package consists of two €200 million loans provided through the state-run lenders, Development and Investment Bank of Türkiye (TKYB) and the Industrial Development Bank of Türkiye (TSKB).
The financing expands a renewable energy program launched in 2024 that initially focused on distributed solar generation. Under the new phase, support will also cover onshore wind projects and Battery Energy Storage Systems (BESS), areas where developers continue to face limited access to long-term financing.
Domestic lenders have struggled to fund such projects because of their long investment horizons and high upfront costs, creating a financing gap despite growing demand from businesses seeking cleaner and more reliable energy sources, the statement said.
Rather than focusing solely on large-scale generation projects, the financing is aimed at expanding distributed energy systems, including on-site solar installations, onshore wind facilities and battery storage projects that can be deployed closer to industrial and commercial consumers.
"Scaling up battery storage and distributed wind is the next critical step to future-proof Türkiye's energy grid," World Bank Country Director for Türkiye Humberto Lopez said.
"By using public development banks to bridge the commercial financing gap, this program enables ready-to-build projects to reach financial close, which will support the competitiveness of Turkish industries, enhance national energy security, and create local jobs across the renewable energy value chain," he added.
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